Frank Rimerman Advisors LLC Increases Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Frank Rimerman Advisors LLC grew its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,651 shares of the company’s stock after acquiring an additional 479 shares during the period. Frank Rimerman Advisors LLC’s holdings in Keurig Dr Pepper were worth $438,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KDP. GSA Capital Partners LLP lifted its position in shares of Keurig Dr Pepper by 34.5% in the third quarter. GSA Capital Partners LLP now owns 20,754 shares of the company’s stock valued at $778,000 after acquiring an additional 5,329 shares in the last quarter. KBC Group NV lifted its position in shares of Keurig Dr Pepper by 8.6% in the third quarter. KBC Group NV now owns 232,504 shares of the company’s stock valued at $8,714,000 after acquiring an additional 18,370 shares in the last quarter. Huntington National Bank lifted its position in shares of Keurig Dr Pepper by 12.4% in the third quarter. Huntington National Bank now owns 3,938 shares of the company’s stock valued at $148,000 after acquiring an additional 435 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Keurig Dr Pepper by 8.4% in the third quarter. Empirical Finance LLC now owns 18,569 shares of the company’s stock valued at $696,000 after acquiring an additional 1,433 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Keurig Dr Pepper by 18.7% in the third quarter. Natixis Advisors LLC now owns 710,239 shares of the company’s stock valued at $26,620,000 after acquiring an additional 111,892 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Up 1.4 %

KDP opened at $33.59 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a market cap of $45.57 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.42 and a beta of 0.62. The stock’s 50 day moving average price is $32.17 and its 200-day moving average price is $33.74. Keurig Dr Pepper Inc. has a one year low of $28.80 and a one year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. On average, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. Keurig Dr Pepper’s payout ratio is 87.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KDP shares. UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. TD Cowen reduced their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays set a $39.00 target price on Keurig Dr Pepper in a report on Thursday, February 27th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.23.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the sale, the chairman now owns 3,237,066 shares of the company’s stock, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,385,350 shares of company stock worth $2,755,891,890. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.